Property investing is a great way to make big sums of cash.
As investors gain experience, they move from small deals to bigger deals, and go from making small sums of cash to BIG sums of cash.
If you are considering property investing but thinking that you want to make MORE money, you need to be looking at BIGGER deals.
Big deals (e.g. development projects) don’t have to be as difficult as what most people think they are. Sure, you need to learn a number of skills and get a good team together to make them work. But when you land a good deal and work step-by-step to bring it together to completion, the pay-off is worth the learning and the effort!
In our meeting this month, we will hear about how you can do an entry-level development deal from a property investor and developer who has moved on from 2-lot subdivisions and townhouse developments, to now doing a 10-unit development.
About This Month’s Speaker
Richard Williams grew up in Tasmania, moved to Melbourne to go to university in 1996, then to Adelaide in 2001 to start his first full time job as an engineer and started his property investment journey by purchasing his PPOR in Adelaide in 2002.
Whilst working full time as an engineer in the chemical/explosives field, Richard has pursued his interest in property, starting with renovations, and then moving on to developments.
His first 2 property developments were knock down rebuild “splitters” in Adelaide, he followed these with several more small developments, before starting on even bigger projects and is currently working on a 10 Townhouse deal in Newcastle.
Richard’s experience has included purchasing development sites through buyers agents and his own research, buying properties under option, investing using JVs, and ‘stitching’ together 3 adjacent properties, to create a larger site, then subdividing and selling off the existing properties prior to starting the developments. (Richard explains that this kind of deal takes only fractionally more time to manage than the smaller earlier projects which he was previously involved in).
Richard is married with a newborn baby, Ted, enjoys time with family, running, snowboarding, staying fit and healthy, and looking for his next property project.
What we will cover in this meeting
- How you find a development deal site, (hardest part of the whole project)
- The numbers you need for a profitable deal
- How you go about managing the development process
- The team you need to build, and how important they are in the success of the deal
- Managing your time to pull off a development around everything ELSE you need to get done
- How to fund your first development deal
- Plus much more
So, if you want to meet Richard and other investors who are active in the current property market, and find out how you too can be starting your first – or next – profitable development project in 2016 or beyond, you have to make it to this meeting!
Don’t Miss Out!